Latest Stock Market News

On August 3, Thursday, Trendlyne reported 21 Nifty50 stocks that have witnessed the Golden Crossover, and ETMarkets has handpicked 10 stocks from this group for potential investors to watch

"It will take a couple of more quarters for the breakeven to happen on Blinkit because as a business model, the competitive intensity in Blinkit still remains high and, of course, there are levers wherein they are pushing products on the personal care side, the categories of products on the side which are higher margin in nature and they are also trying to increase the throughput per store which is an aid to overall profitability."

For more such web stories click on the ET icon below

Indian tyre manufacturer MRF recorded a consolidated net profit of INR589 crore ($79m) in Q1 2023, up 376% year on year. Revenue from operations was up 13% YoY at INR6,440 crore.

"We had to take 6-7% price increases last year and a significant part of the flows through them are coming. But the good point is that we are seeing an uptick in volume, both rural, urban, and in largely all the categories. Over the last three-four quarters, volume growth was nearly flattish, but now there is an uptick."

I completely agree that they have more risk-taking appetite as compared to any other person who is in the age bracket of let us say 20 or more or 35, 40 or more.

Founder of "The Other Circle", Aparna Ramachandra, recommends that people should pay off their bills on time leading up to the festive season and opt for a higher credit card limit if offered by providers. She also advises that people create a budget before spending and repay the whole amount promptly to avoid defaulting and accumulating unnecessary debt.

Shares of KSB rose by nearly 13% on the NSE to hit their 52-week high of INR 2,597.95 due to a strong Q1FY24 financial performance. The pump and valve manufacturer reported a 32% YoY increase in consolidated net profit at INR 62.8 crore for the quarter ended 30 June 2021.

​he metric shows the relationship between the two moving averages of prices. For calculating MACD, 26-day EMA is subtracted from 12-day EMA​

On August 2, Wednesday, data sourced from StockEdge revealed that over 54 stocks were trading in an overbought zone. ETMarkets has identified 10 stocks from this group that investors should keep a close eye on for potential trend reversals.